GDS Holdings Limited ADS (GDS) — Stock Correlations & Overview
Over the past year, GDS has moved most closely with VNET, PGJ, GXC. Explore the stocks most correlated and inversely correlated with GDS below, along with its price, financials, and company profile.
Stocks correlated with GDS
Correlation of daily returns. Higher positive values move with GDS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GDS
| Symbol | Company | Correlation |
|---|---|---|
| VNET | VNET Group, Inc. American Depositary Shares | 0.72 |
| PGJ | Invesco Golden Dragon China ETF | 0.65 |
| GXC | State Street SPDR S&P China ETF | 0.64 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 0.64 |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 0.64 |
Most inversely correlated with GDS
| Symbol | Company | Correlation |
|---|---|---|
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.59 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.58 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.56 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.49 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.48 |
Frequently asked questions about GDS correlations
- Which stocks are most correlated with GDS?
- Based on one year of daily returns, the stocks most correlated with GDS Holdings Limited ADS (GDS) are VNET (0.72), PGJ (0.65) and GXC (0.64). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GDS?
- Over the past year, the stocks most inversely correlated with GDS Holdings Limited ADS (GDS) are FXP (-0.59), YANG (-0.58) and YXI (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GDS correlations calculated?
- We compute the correlation of daily returns between GDS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.